Helios Partners Agree Merger With Canada’s Fairfax

July 9, 2020 357

Breaking News

Leading African private equity investment infrastructure firm, Helios Holdings Ltd.as agreed to a merger with Fairfax Africa Holdings Corp. of Canada.Helios says the merger would create a stronger African money manager and investment firm.The new company to be known as Helios Fairfax Partners Corp. will be listed on the Toronto Stock Exchange and is majority-owned […]Continue Reading

Atlas Petroleum Resumes Development of OML109

July 9, 2020 465

Oil & Gas

By Chike OnwuegbuchiAtlas Petroleum, one of the country’s pioneer marginal oilfield operators,says it has resumed ‘workover’ activities and well interventions on its Ejulebe marginal field, on OML 109 in the Niger Delta area,the company has said,july 7,2020.OML 109 comprises 14 identified and mapped prospects and leads, and an “un-risked” resource potential estimated in Continue Reading

MainOne Celebrates 10 Years of Enabling West Africa’s Digital Revolution

July 8, 2020 429

Information Technology

By Chike OnwuegbuchiMainOne, West Africa’s leading provider of Wholesale and Enterprise connectivity and data center services celebrates 10 years of delivering innovative, world-class service in West Africa.Ten years ago, the company launched its operations with the commissioning of the first private submarine cable on the West Coast of Africa. The company has played a Continue Reading

Access Bank To Acquire Zambia’s Cavmont Bank

July 8, 2020 468

Breaking News

By Chike OnwuegbuchiAccess Bank Plc has entered into exclusive discussions with Cavmont Capital Holdings Zambia Plc on a possible acquisition of Cavmont Bank Limited.In a regulatory filing at the Nigerian Stock Exchange (NSE), Access Bank said the discussions bothered on a”potential transaction” between Access Bank Zambia and Cavmont Bank Limited, a wholly owned subsidiary Continue Reading

Path Solutions Tops IBS Islamic Banking Sales League

July 8, 2020 403

Banking & Finance

By Chike OnwuegbuchiPath Solutions, a global banking software provider, was announced by IBS Intelligence as the leader in the Islamic financial services sector in IBS Islamic (Banking)Sales League Table (SLT) 2020.For the eighth year in a row, Path Solutions was recognized the undisputed leader in Islamic Banking with more new Islamic deals signed in 2019 […]Continue Reading

eTranzact Posts N183m Loss In First Quarter

July 8, 2020 397

Information Technology

eTranzact International Plc has posted a loss after tax of N182.53million for the first quarter, ended March 31, 2020.This is against a profit after tax of N90.76million recorded, for the corresponding period last year..According to the firm’s audited report obtained from the Nigerian Stock Exchange (NSE),July 8, its revenue grew to N5.92billion in the first […]Continue Reading